Is the Free Market Dead?

Wall Street Bail out:
So the U.S. tax payer has bailed out Wall Street. We gave them money to fix the liquidity issue. The banks are hording the money and not leading. Not good.

Auto Industry Bail out:
GM stock now has a possible stock share value of $0 and will be out of cash in December. They need a government bail out to survivie.

Homeowner Bail out:
Today it was reported on MarketWatch:

“Modifications could include deferring some of the principal owed, lowering interest rates or extending maturities to as much as 40 years. The process will be streamlined and uniform…”

“Under the new program, mortgages on owner-occupied homes that are at least 90-days past due with a loan-to-value of 90% or more will be eligible for the streamlined modification. Homeowners who owe more on their home than it is worth will be eligible.”

Not sure what’s next, the Student Loan market? And I am not sure where all this bail out money is coming from.

It seems our modern day politicians have forgotten about the Free Markets.

Related posts:

1. Google Hit Hard in Sell Off Google is trading at 316. (12:15 PST – 10/10/08) The once darling of the internet and Wall Street is not...
2. President Bush Now Believes in Free Markets President Bush is pushing for free markets when it comes to the faltering economy and global financial meltdown!! I agree...
3. If Prince Williams County Can Practice Free Markets… Why can’t our government? Killing free markets is not the way to end this economic recession. In actuality it makes...
4. Philly’s Foreclosure Prevention Program In November, the New York Times published a story about Philadelphia’s foreclosure prevention program. According to the Times, “Under the...
5. The Other Reason You Didn’t Get Approved for a Loan Mod: the Pooling and Service Agreement Have you attempted to get a loan modification under the government’s Home Affordable Modification Program (“HAMP”) but been turned down?...
6. FREE Foreclosure Survival Event for Homeowners in Arizona I’m holding an event for homeowners in Phoenix on October 6, 2009. I’ve assembled a team of experienced professionals, including...
7. The Market Will Hit a New Bottom Jim Rogers financial guru warned CNBC viewers today the Market has yet to hit bottom. Basically you can’t get out...